Finally managed to locate that old announcement by the company detailing the tax opinion they received from Ernst & Young setting out the tax treatment of the dividend and capital return received last year from the sale of WPG's iron ore assets to Onesteel.
This may be useful to other WPG shareholders out there who are now doing their own tax return and had received the dividend and capital return.
My pre-filled data from the ATO on E-tax 2012 also contained the correct franked dividend amount and attached franking credits so no problems there from the ATO or company.
plbert I think you're also on the money here, capital return is used to reduce the cost base of your existing shares when the time comes to sell (if you haven't already). This I believe would have the effect to reduce you capital losses (given the current low share price).
If you're unsure of any of the above then definitely seek out professional advice.
WPG Price at posting:
5.8¢ Sentiment: Hold Disclosure: Held
